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Pound is ready to resume its attack!

27 October 2015, GBP/USD

For the last few days, after a strong growth, the British pound also had some problems in relationship with the US dollar.

The pair slowly slid down, obviously under the impact of correction formed within the wave [ii] of the emerging upward impulse.

At the same time, it seems that the price has reached the target and the pair acn begin to grow soon again.

So, if this assumption is true, in the near future we expect impulse caused by development of wave [iii] of the rising impulse.

To open a position, I've seta Buy pending order on the local High.

Pound is ready to resume its attack!

Vasiliy Lukin
FreshForex Analyst
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